HUGE SUM INVOLVED

Sun (Auckland), Volume II, Issue 348, 8 May 1928, Page 9

HUGE SUM INVOLVED

LORD TERRINGTON’S MIX-UP GRAVE ALLEGATIONS MADE LON DOM. May J. i Lord Terrington, who is a solicitor under the style of ai:d 1 Company, appeared in the Guildhall on 21 charges of fraudulent conversion involving £60,000. Lord Terrington *s ' liabilities are estimated at £ 400.000, and his assets at £6.000. The £60.000 which accused is j charged with misappropriating b*1 longed to his clients. Sir Harold Reckitt, Mr. H. R. Wakefield and Mrs, Molyneux. Mr. Eustace Fulton prose* | euted and Mr. Harold Simmons de- ! fended. Mr. Fulton outlined the transactions, in the course of which Lord Terring- | ton had sold without authority, either ; to defray mortgages or for the credit ' of his own account, Sir Harcld Reckiit’s shares in Reckitt atid Company. Sir Harold had instructed him to '-ell other shares to reduce two overdrafts, and Terrington ha 3 converted £5,450 to his own use. Lady Nunburnholme lent him £9.000, which he paid into Court after she had issued a writ for its recovery. Lord Terrington repaid Nunburnholme’s £9.000 with the proceeds ! of a further sale cf Sir Harcld Reck- ! itt’s shares. | Of Lord Terrington’s liabilities, csti- , mated at £400.000, Sir Harold Heckitt ; riled proofs that £213.000 was owing to I him. Mr. Simmons applied for bail, J which was refused. Acus d sat at tlie side of Lbs CooiU linking \ oluminous notes. - -» — —.